repossession

Meanings

• The act or process of taking back possession of property that has been defaulted on, typically through the legal system.

  - "John lost his house to repossession after he stopped making mortgage payments."
  - "The car was repossessed from the driveway while the owner was at work."

• The state or condition of having property or assets taken back by the rightful owner or creditor, typically due to non-payment or default.

  - "The company's assets were put into repossession due to their inability to pay their debts."
  - "The farmer's land was subject to repossession after he failed to make the required mortgage payments."

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Rhymes

Words rhyming with repossession
arrayposeession , repessionation

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Homophones

Words having the same pronunciation but different meanings, origins, or spelling,

1. array of words that sound similar to 'repossession' but have different meanings or origins.
   

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Variants

List of all variants of repossession that leads to same result
repossess , repossessed , repossesses , repossessing , repossession , repossessions , repossessor , repossessors

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Forms

Different forms of the word (e.g., verb conjugations, plural forms, comparative/superlative forms for adjectives).

array of different forms of the 'repossession' term, such as noun, verb, gerund, participle, etc.

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Etymology

origin and the way in which meanings have changed throughout history.

The term 'repossession' is derived from the Latin word 'repossessio', which means 'the act of taking back possession'.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. foreclosure: A legal process in which a mortgage lender takes back ownership of a property due to the borrower's failure to make mortgage payments, typically resulting in the eviction of the homeowners.

2. secured loan: A type of loan that is secured by collateral, which is an asset that can be seized or sold by the lender if the borrower fails to repay the loan. Common types of secured loans include mortgages, car loans, and equipment loans.

3. unsecured loan: A type of loan that is not secured by collateral or other assets. Unsecured loans are typically based on the borrower's creditworthiness and ability to repay the loan. Common types of unsecured loans include personal loans, credit card advances, and student loans.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

["array of various cultural, historical, or symbolic significance of the 'repossession' concept in different societies or contexts."]

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